Ripple's chief legal officer outlines six principles to the US SEC, urging it to take a prudent approach to crypto regulation

On January 1st, Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles urging the US SEC to adopt cautious cryptocurrency regulation:

SEC only has jurisdiction over securities transactions;

Selling gold bars with contractual rights, ownership, or mining interests may be a securities transaction;

Selling the same gold bar without post-sale rights or obligations is only an asset sale and SEC has no jurisdiction;

SEC's jurisdiction will not be expanded based on its selfish views on who should disclose;

Tokens are not securities, although they can be the subject of securities transactions;

The idea that tokens can "evolve" from securities to non-securities is a fictitious fallacy without legal basis.